The following events occur for Messer Engineering during 2024 and 2025, its first two years of operations.

February 2, 2024	Provide services to customers on account for $28,400.
July 23, 2024	Receive $19,000 from customers on account.
December 31, 2024	Estimate that 25% of uncollected accounts will not be received.
April 12, 2025	Provide services to customers on account for $41,400.
June 28, 2025	Receive $6,000 from customers for services provided in 2024.
September 13, 2025	Write off the remaining amounts owed from services provided in 2024.
October 5, 2025	Receive $37,000 from customers for services provided in 2025.
December 31, 2025	Estimate that 25% of uncollected accounts will not be received.

Required:

1. Record transactions for each date.

1

Provide services to customers on account for $28,400.

2

Receive $19,000 from customers on account.

3

Estimate that 25% of uncollected accounts will not be received.

4

Provide services to customers on account for $41,400.

5

Receive $6,000 from customers for services provided in 2024.

6

Write off the remaining amounts owed from services provided in 2024.

7

Receive $37,000 from customers for services provided in 2025.

8

Estimate that 25% of uncollected accounts will not be received.

2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts.

3. Calculate net accounts receivable reported in the balance sheet at the end of 2024 and 2025

	2024	2025
Total accounts receivable
Net accounts receivable